Athos Capital Ltd Has $6.95 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Athos Capital Ltd boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 103.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,800 shares of the software maker's stock after buying an additional 11,100 shares during the quarter. ANSYS makes up approximately 2.3% of Athos Capital Ltd's holdings, making the stock its 6th largest holding. Athos Capital Ltd's holdings in ANSYS were worth $6,946,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank lifted its stake in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after acquiring an additional 34 shares during the period. OneDigital Investment Advisors LLC raised its holdings in ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock worth $409,000 after purchasing an additional 37 shares during the last quarter. Gardner Lewis Asset Management L P lifted its position in ANSYS by 1.9% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker's stock valued at $699,000 after purchasing an additional 40 shares during the period. Eads & Heald Wealth Management boosted its stake in shares of ANSYS by 1.6% in the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker's stock valued at $807,000 after purchasing an additional 40 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker's stock worth $509,000 after buying an additional 42 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ANSS has been the topic of several analyst reports. Rosenblatt Securities cut their price objective on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $342.50.

ANSYS Trading Down 0.2 %

ANSS traded down $0.59 during mid-day trading on Monday, hitting $350.51. The stock had a trading volume of 460,271 shares, compared to its average volume of 525,567. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 3.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock's fifty day simple moving average is $330.99 and its 200-day simple moving average is $323.90.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company's stock.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.